Kaman Industrial Technologies – the industrial distribution segment of Kaman Corp., Bloomfield, CT – reported sales for the third quarter of $273 million, an increase of 5.7 percent compared to the same period a year ago. Operating income for the segment increased 13.5 percent to $14.7 million.
Acquisitions contributed $17.8 million in distribution segment sales in the quarter. Organic sales per sales day decreased 1.2 percent from the third quarter of 2012.
Kaman Corp.'s aerospace segment had sales of $150.7 million, a decrease of 0.4 percent compared to the same period a year ago. Operating income increased 13.2 percent to $27.6 million.
Total sales for Kaman Corp. for the third quarter were $423.7 million, an increase of 3.4 percent compared to the same period a year ago. Profit increased 28 percent to $19.2 million.
For the first nine months, sales for Kaman Industrial Technologies were $800.4 million, an increase of 4.8 percent compared to the same period a year ago. Operating income decreased 16.3 percent to $33 million.